Hardman & Co Research
Hardman & Co Research: Non-Standard Finance (NSF): 'Now is the time for
profit'
29-Aug-2019 / 12:10 GMT/BST
Hardman & Co Research: "Now is the time for profit"
NSF has reached the turning point in its strategic development. Having
invested heavily in infrastructure, controls and people, it has substantially
built the franchise. The pace of further investment is expected to now slow,
at the same time as payback from historical investment becomes increasingly
visible. We see profit growth accelerating sharply, driven by wider jaws
between revenue and costs in the branch business and guarantor loans,
efficiency improvements in home collect, and improving credit. Assuming NSF is
successful in securing additional lower-cost funding, we expect funding costs
to relatively reduce, and the funding mix to improve. Our strong growth
forecasts are unchanged.
Please click on the link below for the full report:
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rofit/ [1]
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865493 29-Aug-2019
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(END) Dow Jones Newswires
August 29, 2019 07:10 ET (11:10 GMT)
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